Income before amortization, change in fair value of redeemable
financial instruments, other, finance income and expenses, and taxes

$13,959

$7,227

Income before change in fair value of redeemable financial
instruments, other, finance income and expenses, and taxes

$7,606

$4,628

Net income

$3,261

$3,322

Basic and diluted net income per common share

$0.15

$0.15

"We are pleased to report strong worldwide sales performance in the
first quarter, with our Canadian, United States, and Australian
operations all providing robust results," stated Thomas Skidmore,
GLENTEL's President and Chief Executive Officer. "In the first quarter
of 2013, GLENTEL, with Target® Canada, successfully launched 24 new
Target Mobile® stores in the Greater Toronto area. On May 7, GLENTEL
opened an additional 22 Target Mobile stores across British Columbia,
Alberta, and Manitoba, with a planned build out of 124 stores across
Canada in 2013. With store expansions in Canada, US, and Australian,
including our recent entry into the Philippines with our first four
mall stores in Manila, growth opportunities seem abundant for GLENTEL,
as we now operate in four countries on three continents."

Income before amortization, change in fair value of redeemable financial
instruments, other, finance income and expenses, and taxes was $14.0
million, compared to $7.2 million.

Operating income before change in fair value of redeemable financial
instruments, other, finance income and expenses, and taxes was $7.6
million, compared to $4.6 million.

Net income and basic earnings per common share were $3.3 million and
$0.15 per share, respectively, compared to $3.3 million and $0.15 per
share.

Highlights for each business unit follow.

Retail Canada

1st Quarter 2013 compared to 2012

Sales of retail mobile phone products, tablets and services in the
Retail Canada Division decreased 1% to $89.4 million compared to $90.6
million.

Operating income before change in fair value of redeemable financial
instruments, other, finance income and expense, corporate costs, and
taxes was $8.1 million compared to $8.2 million.

Retail Canada saw gross postpaid activations decline but experienced
strong growth in hardware upgrades. The division continues to train its
sales associates on the fundamentals of sales and product knowledge to
provide the best customer service possible and to evolve our training
and procedures to align with the carriers' focus on quality activations
and churn management. Retail management and staff have spent a
considerable amount of energy and time in launching Target Mobile, and
at March 31, 2013, 24 stores were open in the Greater Toronto area. The
divisions will continue the phased roll out and look to open over 120
stores across Canada in 2013.

Operating income before change in fair value of redeemable financial
instruments, other, finance income and expense, corporate costs, and
taxes increased to $2.6 million, compared to $1.7 million.

Sales increased as a result of greater number of stores operating in the
quarter compared to the same period in 2012, and with the increased
price points of smartphones. The Samsung Galaxy S III and the Apple
iPhone 5, in association with new price points for Apple iPhone 4 and
iPhone 4S helped increase sales in the 1st quarter. The Verizon "Share
everything plan" helped increase consumer interest in smartphones. The
division continued to roll out employee promotions and training
programs during the 1st quarter of 2013, with much of the training
focused on new devices and promotion initiatives. The division
continues to focus on the "connected device," such as mobile broadband
and tablets that tie into Verizon Wireless' "Share Everything" program,
where it saw increased activations by customers.

Operating income before change in fair value of redeemable financial
instruments, other, finance income and expense, corporate costs, and
taxes was $5.1 million.

Verizon's "Share Everything Plan" had a positive impact in the 1st
quarter of 2013. The launch of iPhone 5 in October of 2012 continues to
drive customers to Wireless Zone stores contributing to strong sales.
Sales of higher priced iPhones contributed to strong wholesale sales in
1st quarter of 2013. The continued shift to smart phones contributed to
higher carrier compensation per transaction. In order to promote
increased store sales, the division has continued its numerous
operational efforts in the 1st quarter of 2013, with a focus on
exceeding carrier transactional minimums and KPI's, remodeling stores
to enhance customer experience, and increasing the level of training
directed towards franchisees and sales representatives.

Operating income before change in fair value of redeemable financial
instruments, finance income and expense, corporate costs, and taxes was
$0.8 million.

The Australia retail landscape remains competitive, driven particularly
by the largest national wireless carrier. While Allphones remained
competitive in both the postpaid and outright handset market in the 1st
quarter of 2013, the poor retail environment affected overall
performance. The 45 Retail Managed Stores were profitable, and the
April launch of the Samsung Galaxy S4 and HTC One are proving
encouraging.

In the quarter start-up cost was incurred in relation to AMT licensing
its ALLPHONES brand and store design under an IP & Technology transfer
agreement within the Philippines. AMT has agreed to deliver software,
technology and consultation to TAO Corporation in the Philippines to
support the management of a new retail network.

Business Division

1st Quarter 2013 compared to 2012

Business Division sales of terrestrial narrowband and broadband radio
systems, satellite network services, and implementation services were
$6.3 million compared to $7.5 million.

Operating income before change in fair value of redeemable financial
instruments, other, finance income and expense, corporate costs and
taxes was $0.1 million compared to $0.02 million.

Corporate

1st Quarter 2013 compared to 2012

Corporate operating and administrative expenses increased to $9.1
million (3% of sales), compared to $5.3 million (4% of sales).

Corporate costs include administrative, finance, information technology,
and marketing services that are managed centrally in Canada, the U.S.
and Australia and are not allocated directly to the operating
divisions. Management strives to leverage the divisional cost structure
to maximize productivity and value from its resources. Corporate
operating costs include Retail U.S. Division - Diamond Wireless
corporate costs of $1.3 million (2012 - $1.2 million), Retail U.S.
Division - Wireless Zone corporate divisional costs of $2.0 million and
Retail Australia Division corporate costs of $1.4 million for the 1st
quarter ended March 31, 2013.

About GLENTEL

Celebrating its 50th anniversary in 2013 and based in Burnaby, BC, Canada, GLENTEL (TSX:
GLN), is the largest independent multi-carrier mobile phone retailer in
Canada and Australia. In the United States, GLENTEL operates two of the
six National Premium Retailers for Verizon Wireless. GLENTEL is a
leading provider of innovative and reliable wireless communications
services and solutions, offering a choice of network carrier and
wireless or mobile products to consumers and commercial customers.

GLENTEL's brands - GLENTEL Wireless, WIRELESSWAVE, WAVE SANS FIL, Tbooth
wireless, la cabine T sans fil, WIRELESS etc., SANS FIL etc…, Mac
Station, Diamond Wireless, Wireless Zone, and Allphones - span four
countries and three continents. The Company employs over 3,800
employees and operates more than 1,180 locations including more than
360 locations in Canada located in retail malls, Costco Wholesale
stores, Target Canada stores, and business centres; more than 620
retail locations in the United States; and more than 195 retail
locations in Australia and 4 mall stores in the Phillipines. In
addition, Target Canada has licensed GLENTEL to open and operate in
2013 more than 120 mobile communications sales and service kiosks
within its stores, under the brand Target Mobile®, of which 46 are now
open.

Forward-Looking Statements

Certain statements in this release about our current and future plans,
expectations and intentions, results, levels of activity, performance,
goals or achievements or any other future events or developments
constitute forward-looking statements. The words "may", "will",
"would", "should", "could", "expects", "plans", "intends", "trends",
"indicates", "anticipates", "believes", "estimates", "predicts",
"likely" or "potential" or the negative or other variations of these
words or other comparable words or phrases, are intended to identify
forward-looking statements. Forward-looking statements are based on
estimates and assumptions made by us in light of our experience and
perception of historical trends, current conditions and expected future
developments, as well as other factors that we believe are appropriate
and reasonable in the circumstances, but there can be no assurance that
such estimates and assumptions will prove to be correct. Certain
assumptions have been made in respect of the determination of
(i) impairment of property and equipment, intangible assets and
goodwill, (ii) useful lives of property and equipment, intangible
assets, (iii) fair value of financial instruments, (iv) fair values of
assets and liabilities acquired in business contributions, (v) taxes,
(vi) contingencies, and (vii) provisions. Many factors could cause our
actual results, level of activity, performance, achievements, future
events or developments to differ materially from those expressed or
implied by the forward-looking statements.

You should not place undue reliance on any such forward-looking
statements. Further, any forward-looking statement (and such risks,
uncertainties, and other factors) speak only as of the date on which it
was originally made, and GLENTEL expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statement contained in this document to reflect any
change in expectations with regard to those statements or any other
change in events, conditions or circumstances on which any such
statement is based, except as required by law. New factors emerge from
time to time, and it is not possible for GLENTEL to predict what
factors will arise or when. In addition, GLENTEL cannot assess the
impact of each factor on its business or the extent to which any
factor, or combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.

NO STOCK EXCHANGE, SECURITIES COMMISSION, OR OTHER REGULATORY AUTHORITY
HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.